Optimism setup long and short for future trade As shown below, since three months ago, the ETHBTC reaction has been occurring and slowly taking control. This can be used on coins that are tied to ETH. Fundamentally excellent price for DCA, but I would like to show the chance to those who deal with future trade.
With the setup, it is great to find where our analyzes are no longer valid and we need to admit that we are not right. Optimism is one of the coins that correctly did 1,2,3 according to Elliot. Now the question is whether the 4th wave will manage to reach our order, but we must be disciplined because this analysis is canceled if the fourth wave reaches deep enough to the first, where the setup is no longer valid.
Why this setup gives us the possibility of long - here is daily fvg, 4h fvg, 2h fvg, fibonacci for retest as well as theoretical knowledge about Elliott waves
Etehereum
ETHUSDT.1DBased on the market data provided, the current price of Ethereum (ETH) against USDT is $2264.0. The Relative Strength Index (RSI) on the 4-hour, 1-day and 7-day charts are 43.34, 43.34, and 59.50 respectively. The RSI values suggest that ETH is nearing an oversold condition, especially on the 4h and 1d charts.
The Moving Average Convergence Divergence (MACD) values for the 4-hour, 1-day and 7-day charts are -19.96, -13.80, and 162.71 respectively. The negative MACD on the 4h and 1d charts suggests a bearish trend, but the positive MACD on the 7d chart suggests a longer-term bullish trend.
The Bollinger Bands (Bb) on the 4-hour, 1-day and 7-day charts are 2703.0, 2703.0, and 2800.0 respectively. The current price is below the middle band in all cases, indicating a potential for upward movement.
The support levels on the 4-hour chart are $2166.0, $2026.0, and $1911.0 and the resistance levels are $2712.0, $2826.0, and $3116.0. On the 1-day chart, the support levels are $2105.0, $1911.0, and $1700.0 and the resistance levels are $2712.0, $3107.0, and $3134.0. On the 7-day chart, the support levels are $2026.0, $1684.0, and $1508.0 and the resistance levels are $2817.0, $3233.0, and $3591.0.
In conclusion, the technical analysis suggests that ETH is currently in a bearish trend in the short term, but there is potential for a reversal given the oversold conditions and the longer-term bullish indicators. However, the cryptocurrency market is highly volatile and unpredictable, so it's important to do your own research and consider other factors before making any investment decisions.
BITCOIN and range zoneBitcoin has been suffering in 4-hour timeframe for a long time. According to the chart, if the candlestick closes below $ 28,500, we will have a chance to start the downtrend in this time frame, and if the price supports the return trend, we will have a resistance of 30050.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
CARDANO and Important SupportAccording to the chart, the trend line is in the important range of static support and dynamic support. If we break this range, we will see more fall. And if this range is maintained, we will expect the trend to return.
Its not Buy or Sell SINGAL
DYOR
BY : Mohamad Teriz - @AtonicShark
ETHUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are observing the behaviour of ETH/USDT in a daily time frame. The price has succesfully passed through the resistance we had previously identified, turning it into a support line. We are expecting the price to approach the next resistance line. Unless the price leaves behind this obstacle we anticipate a pullback to the newly emerged support. Another scenario would be a stable breakthrough to the current resistance area which could launch a further rise to our second resistance.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
BTCUSDT(bitcoin):1D,TA,09.02.22Well, regarding my chart, if the price closes beneath the $ 44000 we would expect much more decrease from BTC. Moreover, it can touch the support zone $ 41128 .
if the price is being able to break resistance zone $ 44300, it would have a nice jump to $ 48181 in the near future.
please follow my analysis ...
⚠️ This Analysis will be updated ...
📅 09.Feb.22
⚠️(DYOR)
I hope you’ve booked your profit. if you haven’t book partially.Again Ethereum is long term holding. But for day traders you need to sell off if it goes below 200. and again take entry around 170.
between 150-170 i’ll buy 10 eth. if price don’t get to this level then i’ll look for next strategy. i’ll never regret booking profit here. Again if crypto is your retirement plan then ignore this idea. only for traders.
if you this my idea have some sense please hit like and follow.
ETH Support Zones.An overview of possible support zones for ETH to keep an eye on, the $950 dip got bought up strong so would be interesting to see how this plays out. Crypto always has surpises. Considering the volume of the previous down spike, we might not get another leg down. But then again, who really knows what the next ''catalyst'' will be. Let's see if we manage to get to the $803-$820 zones on a small timeframe. This is not professional advice, just sharing my thoughts.
ETH Hourly Equilibrium ClearAfter the correlated dump to BTC yesterday with the addition of BCH to GDAX,
we are perfectly in an hourly equilibrium pattern as anticipated in the youtube video last night.
We have a double top at the most recent high, and if we cannot break this level we will consolidate this morning before a break of this pattern this afternoon.
Significant gains on the bounce for the bulls, and a bullish break of the equilibrium will prove all is well with the big 3 and the FUD was temporary.
A bear break and the trend will belong to the bears for the time being and our trading style will significantly shift to react to this.
LTC is going to break the tight range first, so watch for potential correlation clues.
Do not force trades, do not act on emotions, always have a game plan, and stick to it.
Learn technical analysis to the point you are confident and comfortable, or second guessing yourself will cost you money at times like this.